The Lima Stock Exchange closed the session this Thursday, January 19, with gains in most of its indices, recording 12 upward indicators and 4 downward indicators. Thus, the S&P/BVL Peru General Index, the most representative of the Lima stock market, rose 0.35% to 22,973.34 points. For his part, he S&P/BVL Peru Selective Indexwhich is made up of the most traded shares in the local market, gained 0.48% and settled at 600.86 units.
“There has been no direct impact from the protests and the social situation on the stock market so far, only one share traded more than S/1 million on the stock market today,” said César Romero, Head of Research at Renta4 SAB.
The services and electricity sectors were the ones that reported the most gains in the day with an advance of 3.28%, followed by mining (0.88%), financial (0.20%) and consumption (0.12%). On the other hand, the items that registered losses were construction (-1.53%) and industrial (-1.05%).
Among the local companies that registered the greatest losses were: Aenza (-6.25%), Cementos Pacasmayo (-3.63%) and Hidrandina (-2.52%). While those who registered gains were: Enel Distribución (5.82%), Enel Generación (4.53%) and Banco de Crédito del Perú (3.33%).
US market closes near daily lows
According to the head of Research at Renta4 SAB, US stocks fell, with investors worried about the possibility of a recession as the Federal Reserve (Fed) raises interest rates to combat inflation. The Dow Jones fell 253 points, or 0.8%, for the third straight day of declines. The S&P 500 lost 0.8%, and the Nasdaq Composite was down 1%.
“Investors are concerned that the Fed risks causing a recession in USA if you keep raising interest rates in a slowing economy in an attempt to control inflation. The governor of the Fed, Lael Brainard, said in a statement on Thursday that further interest rate hikes may be needed to reduce inflation.Romero specified.
Jobless claims hit their lowest level since September and much lower than economists had expected for the week ending Jan. 14, signaling a job market that remains strong. This does not bode well for investors who want to see a less aggressive Fed, which has been looking for a loose labor market as inflation remains high.
Source: Larepublica
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